Lycoming College FY2021 filing

Tax-deductible

Williamsport, PA501(c)(3)Since 1947Colleges & UniversitiesEIN 24-0795965

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The mission of Lycoming College is to provide a distinguished baccalaureate education in the liberal arts and sciences within a coeducational, supportive, and residential setting.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
$1.9M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $2.5M a year · 3% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.9M
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $219K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$56.3M
17% of total assets
Looks good: liabilities are 17% of assets; 50% or less.
Pt X · Ln 26
Independent board members
33
of 34 voting members
Looks good: 33 of 34 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$88.7M
+29% vs prior year
Spent
$77.7M
To programs
83%
Net assets
$272.1M
By yearFY2020–FY2024
Revenue
$88.7M
FY2021▲ +29%
Revenue by fiscal year
FY2020$68.9M
FY2021$88.7M
FY2022$89.4M
FY2023$72.2M
FY2024$85.1M
FY2024$87.4M
Expenses
$77.7M
FY2021-0.4%
Expenses by fiscal year
FY2020$78.0M
FY2021$77.7M
FY2022$85.6M
FY2023$86.9M
FY2024$88.8M
FY2024$89.3M
Net assets
$272.1M
FY2021▲ +20%
Net assets by fiscal year
FY2020$225.9M
FY2021$272.1M
FY2022$249.1M
FY2023$249.2M
FY2024$258.1M
FY2024$262.2M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1944.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $64.8M Management & general 15% · $11.7M Fundraising 2% · $1.3M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

45 people listed on the 990; $1.9M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$352,084Pt VII · Sec A
Executive VP College Advan
$207,492Pt VII · Sec A
$187,494Pt VII · Sec A
VP Finance & Admin CFO/Tre
$180,419Pt VII · Sec A
VP Enrollment Management
$151,911Pt VII · Sec A
Athletic Dir/Head Football
$136,573Pt VII · Sec A
VP Student Life
$131,439Pt VII · Sec A
Chief Information Officer
$126,227Pt VII · Sec A

Dr Kent C Trachte’s $675K as President is at the 95th percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Dr Kent C Trachte$674,989$400,578$498,286$348,669$352,084$424,953
Charles W Edmonds$285,283$270,998$332,602$207,754$207,492$179,763
Jeffrey L Bennett CPA$204,418$209,937$205,339$193,600$180,419$172,156
Dr Philip W Sprunger$171,416$206,597$197,143$193,237$187,494$182,481
Michael J Konopski—$119,117$174,289$162,669$151,911$145,886
Richard Hinton$171,953$55,151————
Dr Sandra Kingery$169,087—————
Robert L Dunkleberger$159,378$155,986$147,888$139,950$126,227$120,678

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Lycoming College executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers a distinguished liberal arts and sciences education.

Provided by the organization

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1 program · $64.8M · in their own filed words · FY2020
01

Lycoming college is a four-year liberal arts based, co-educational, independent college whose primary function is the presentation of formal instruction. The college has a regular faculty, a regularly scheduled curriculum (consisting of fall, spring, may and summer term), and a regularly enrolled student body in attendance at its campus…

$64.8Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$219K
Grants paid · 12 grants · $209.3M · 2019–2024
Unitemized GrantFY2024$35,563,048
Unitemized GrantFY2024$171,372
Unitemized GrantFY2023$36,059,468
Unitemized GrantFY2023$204,617
Unitemized GrantFY2022$35,109,683
Unitemized GrantFY2022$190,064
Unitemized GrantFY2021$34,814,392
Unitemized GrantFY2021$192,448
Unitemized GrantFY2020$32,954,853
Unitemized GrantFY2020$211,412
Unitemized GrantFY2019$33,662,052
Unitemized GrantFY2019$176,248

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$88.7M
Ln 12
Fees for servicesLn 2g$55.9M
Investment incomeLn 3$22.5M
Gifts and grantsLn 1h$9.8M
Money outPt IX
$77.7M
Ln 25
Programscol B$64.8M
Managementcol C$11.7M
Fundraisingcol D$1.3M
Owns and owesPt X
$272.1M
net assets · Ln 32
Cash and savingsLn 1–2$7.2M
Total assetsLn 16$328.5M
LiabilitiesLn 26$56.3M
PeoplePt VI, VII
45
listed · VII A
PaidVII A12
Voting boardVI 1a34
IndependentVI 1b33
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$9.8M
Government grantsLn 1e$4.1M
Noncash giftsLn 1g$721K
Fees for servicesLn 2g$55.9M
Investment incomeLn 3$22.5M
Other incomeLn 4–11$435K
Gains on assetsLn 7$20.3M
Total revenueLn 12$88.7M
Assets in detailPt X, end of year
CashLn 1$5.9M
SavingsLn 2$1.4M
Cash and savings togetherLn 1–2$7.2M
InvestmentsLn 11–13$234.9M
Land, buildings, equipmentLn 10c$70.6M
Other assetsLn 15$8.3M
Total assetsLn 16$328.5M
LiabilitiesLn 26$56.3M
Net assetsLn 32$272.1M
OperationsPt I, VI
EmployeesI 51,023
VolunteersI 649
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$7.8M$7.2M
InvestmentsLn 11–13$185.0M$234.9M
Land, buildings, equipmentLn 10c$72.7M$70.6M
Total assetsLn 16$279.7M$328.5M
LiabilitiesLn 26$53.8M$56.3M
Net assetsLn 32$225.9M$272.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$33.2M$33.2M
Pay of current officers, directors and key staffLn 5$1.5M$368K$1.1M
Other salaries and wagesLn 7$16.5M$13.3M$2.3M$873K
Pension plan contributionsLn 8$1.2M$975K$147K$71K
Other employee benefitsLn 9$3.6M$2.8M$650K$86K
Payroll taxesLn 10$1.2M$929K$166K$61K
Legal feesLn 11b$29K$29K
Accounting feesLn 11c$119K$119K
Investment management feesLn 11f$195K$114K$81K
Other fees for servicesLn 11g$4.8M$4.0M$674K$37K
Advertising and promotionLn 12$1.1M$969K$70K$27K
Office expensesLn 13$3.9M$3.5M$340K$85K
OccupancyLn 16$1.5M$689K$842K
TravelLn 17$153K$128K$10K$15K
InterestLn 20$1.3M$1.3M$27K
Depreciation, depletion and amortizationLn 22$4.5M$534K$4.0M
InsuranceLn 23$596K$93K$503K
Other expenses (24a–d)Ln 24$345K$59K$267K$19K
All other expensesLn 24e$2.2M$1.8M$397K$808
Total functional expensesLn 25$77.7M$64.8M$11.7M$1.3M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $85.1M$88.8M−$3.8M$258.1M 990 PDF
FY2023 $72.2M$86.9M−$14.7M$249.2M 990 PDF
FY2022 $89.4M$85.6M$3.8M$249.1M 990 PDF
FY2021 Viewing $88.7M$77.7M$11.0M$272.1M 990 PDF
FY2020 $68.9M$78.0M−$9.1M$225.9M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $88,685,809 across 11 lines filed
Lines not itemized here account for $138,153 of total revenue; see the IRS return.
VIII-1a Federated campaigns$10,000
VIII-1e Government grants$4,081,797
VIII-1f All other contributions, gifts and grants$5,755,043
VIII-1g Noncash contributions (included above)$721,152
VIII-1h Total contributions, gifts and grants$9,846,840
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $55,884,120$55,884,120
VIII-3 Investment incomeExcluded from tax $2,191,913$2,191,913
VIII-6 Net rental income or lossExcluded from tax $838$838
VIII-7 Net gain or loss on sales of assetsExcluded from tax $20,328,308$20,328,308
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $295,637$295,637
VIII-12 Total revenueRelated to mission $55,946,461 · Unrelated business $0 · Excluded from tax $22,892,508$88,685,809
Part IX · Statement of functional expenses $77,710,529 across 19 lines filed
IX-2 Grants to domestic individualsPrograms $33,166,265$33,166,265
IX-5 Pay of current officers, directors and key staffPrograms $367,827 · Management $1,118,502$1,486,329
IX-7 Other salaries and wagesPrograms $13,336,151 · Management $2,271,669 · Fundraising $873,438$16,481,258
IX-8 Pension plan contributionsPrograms $975,465 · Management $147,475 · Fundraising $71,008$1,193,948
IX-9 Other employee benefitsPrograms $2,820,459 · Management $650,221 · Fundraising $86,337$3,557,017
IX-10 Payroll taxesPrograms $929,262 · Management $166,393 · Fundraising $60,798$1,156,453
IX-11b Legal feesManagement $29,332$29,332
IX-11c Accounting feesManagement $119,086$119,086
IX-11f Investment management feesPrograms $113,934 · Management $81,226$195,160
IX-11g Other fees for servicesPrograms $4,045,777 · Management $674,376 · Fundraising $37,300$4,757,453
IX-12 Advertising and promotionPrograms $968,995 · Management $70,239 · Fundraising $27,280$1,066,514
IX-13 Office expensesPrograms $3,493,227 · Management $340,046 · Fundraising $85,329$3,918,602
IX-16 OccupancyPrograms $689,222 · Management $842,472$1,531,694
IX-17 TravelPrograms $128,261 · Management $10,299 · Fundraising $14,570$153,130
IX-20 InterestPrograms $1,275,321 · Management $26,798$1,302,119
IX-22 Depreciation, depletion and amortizationPrograms $534,208 · Management $3,968,712$4,502,920
IX-23 InsurancePrograms $92,716 · Management $503,011$595,727
IX-24 Other expenses (24a–d)Programs $59,137 · Management $266,971 · Fundraising $18,925$345,033
IX-24e All other expensesPrograms $1,754,224 · Management $397,457 · Fundraising $808$2,152,489
IX-25 Total functional expensesPrograms $64,750,451 · Management $11,684,285 · Fundraising $1,275,793$77,710,529
Part X · Balance sheet $328,481,889 assets, 17 lines filed
Asset lines not itemized here account for $909,713; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $2,634,777$5,856,720
X-2 Savings and temporary cash investmentsStart of year $5,118,276$1,362,024
X-3 Pledges and grants receivableStart of year $5,961,625$6,448,459
X-4 Accounts receivableStart of year $31,742$64,047
X-10c Land, buildings and equipment, netStart of year $72,652,744$70,643,572
X-11 Publicly traded securitiesStart of year $181,650,782$231,879,932
X-12 Other securitiesStart of year $3,348,701$2,992,102
X-15 Other assetsStart of year $7,222,561$8,325,320
X-16 Total assetsStart of year $279,702,335$328,481,889
X-17 Accounts payable and accrued expensesStart of year $975,972$1,177,515
X-20 Tax-exempt bond liabilitiesStart of year $40,020,000$39,185,000
X-25 Other liabilitiesStart of year $8,388,710$11,659,321
X-26 Total liabilitiesStart of year $53,758,735$56,340,889
X-27 Net assets without donor restrictionsStart of year $163,139,000$206,264,000
X-28 Net assets with donor restrictionsStart of year $62,804,600$65,877,000
X-32 Total net assets or fund balancesStart of year $225,943,600$272,141,000
X-33 Total liabilities and net assetsStart of year $279,702,335$328,481,889
Part XI · Reconciliation of net assets $272,141,000 net assets at year end
XI-1 Total revenue$88,685,809
XI-2 Total expenses$77,710,529
XI-3 Revenue less expenses$10,975,280
XI-4 Net assets at start of year$225,943,600
XI-5 Net unrealized gains (losses) on investments$34,338,692
XI-9 Other changes in net assets$883,428
XI-10 Net assets at end of year$272,141,000

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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